“I’ve missed
more than 9,000 shots in my career. I’ve lost almost 300 games. 26 times I’ve
been trusted to take the game's winning shot and missed. I’ve failed over and
over and over again in my life and that's why I succeed.” - Michael Jordan
I have never
come across any successful business person who said it was easy being an
entrepreneur. Bill Gates of Microsoft, Mark Zuckerberg of Facebook, Aliko
Dangote of Dangote group, Ryan Graves Of Uber, Femi Otedola Of Zenon, Linda
Ikeji, Jan Koum of whatsapp, Razak Okoya of Eleganza, etc, all have some tales
to tell about the pros and cons of entrepreneurship. Are you ready for product
launch or you're in the early stages of your startup, just been availed funding
for your startup, there will always be a time when you ask yourself if this whole
entrepreneur thing is worth it at all.
Related...http://hollalaycan.blogspot.com.ng/2015/11/how-to-start-your-own-business-even.html
With the
current economic recession biting hard on the fortunes of Nigerian economy in
terms of dwindling earnings from oil proceeds, federal monthly allocations has
shrunk considerably resulting in many states of the federation unable to
fulfill their financial obligations. Salaries are being owed, pensions are not
paid to retirees, leave allowances and bonuses are owed in billions,
infrastructural developments and social welfare is in a state of comatose and
ultimately there is continuous rise in the prices of commodities especially
staple foods and amidst all of these is daily job loss and pay cut by companies.
Consequently,
the recession hit the private sector more as they rely heavily on the
patronages of the public sector for survival and profiteering. However, the recession
has led to the collapse and closure of many once thriving businesses with large
numbers of employees and staff. Many laid-off employees have resorted to self-empowerment
or work at home entrepreneurs due to the misfortune brought about by the
mismanagement of the economy by our leaders and private sector stakeholders.
Before you
jump out of the ship of 9-5job, I would rather advised that you start something
by the side while still on you current employment, set some funds aside to
sustain the period of learning a new trade, or better still keep your salary
job until the coast is clear to sail away to the entrepreneurial world. I started testing the waters of entrepreneurship
while still receiving salary from Guaranty Trust Bank Plc, I was doing
part-time consultancy in the area of business proposals, company registrations,
Tax filings and so on. I saved some amount of money and borrowed some funds
from friends and family members to eventually kick-start the brand name I am
known for today, PROSPECTIVE IDEAS NIG ENT. This little company has turnover
millions of naira in sales and commissions, the ultimate thing to do right from
the outset is to know what you really want to achieve with your new found
sojourn. ‘FAILURE TO PLAN IS PLANNING TO
FAIL’
related article...http://hollalaycan.blogspot.com.ng/2016/03/how-to-survive-when-laid-off-from-your.html
For anyone
who desires to venture into self-employment or work-from-home businesses at
this critical and challenging time, it would make more sense to incorporate
ONLINE/INTERNET business in your plan as this will saves you time, money and
cost of starting a new business from ground zero. But building a profitable
online business usually takes time and getting real profit is not going to be a
miracle, you gotta work for it!
More useful tips here....http://hollalaycan.blogspot.com.ng/2015/11/should-you-stick-to-your-present-job-or.html
There are 3
main reasons why the self-employment or entrepreneurial journey is the
